Financials in USD. Standardized financial statements.
A compact view of how Markel Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $16.59B | $16.75B | $15.71B | $11.81B | $12.92B | $9.64B | $9.52B | $6.95B | $6.06B | $5.61B |
| Revenue Growth? | -1.0% | +6.6% | +33.0% | -8.6% | +34.0% | +1.3% | +37.0% | +14.6% | +8.1% | 0.0% |
| Cost of Revenue? | $5.08B | $7.48B | $7.63B | $8.41B | $7.03B | $6.26B | $4.67B | $4.30B | $4.22B | $3.25B |
| Gross Profit? | $11.51B | $9.27B | $8.08B | $3.41B | $5.89B | $3.38B | $4.85B | $2.64B | $1.85B | $2.36B |
| Gross Margin? | +69.4% | +55.4% | +51.4% | +28.8% | +45.6% | +35.1% | +51.0% | +38.1% | +30.4% | +42.1% |
| Operating Expenses? | $8.78B | $5.64B | $5.43B | $3.56B | $2.76B | $2.38B | $2.57B | $2.65B | $1.76B | $1.73B |
| Operating Income? | $2.73B | $3.64B | $2.65B | -$151.57M | $3.13B | $1.00B | $2.29B | -$7.86M | $87.30M | $629.92M |
| EBITDA? | $2.94B | $4.18B | $3.16B | $353.94M | $3.65B | $1.49B | $2.73B | $374.20M | $423.62M | $953.96M |
| Income Before Tax | $2.73B | $3.64B | $2.65B | -$151.57M | $3.13B | $1.00B | $2.29B | -$7.86M | $87.30M | $629.92M |
| Income Tax Expense | $580.30M | $790.29M | $552.62M | -$48.21M | $683.96M | $168.68M | $486.35M | $122.50M | -$313.46M | $169.48M |
| Net Income? | $2.11B | $2.75B | $2.00B | -$216.28M | $2.42B | $816.03M | $1.79B | -$128.18M | $395.27M | $455.69M |
| EPS? | $169.74 | $199.69 | $147.32 | $-23.72 | $176.92 | $55.67 | $129.25 | $-9.21 | $25.89 | $31.41 |
| Diluted EPS? | $169.22 | $199.32 | $146.98 | $-23.72 | $176.51 | $55.63 | $129.07 | $-9.21 | $25.81 | $31.27 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality